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Income Masters Trade Alert: SMH

I am recommending we spend some cash to roll the short leg of our VanEck Vectors Semiconductor ETF (SMH) LEAP call spread to a higher strike with the goal of capturing more potential appreciation.

Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time.

Current Stock Price: $274.57

Cost Basis: $59.65

Action:

  • Buy to close the SMH Mar Week Four (3/25) 260 Call for around $14.65
  • Sell to open the SMH Apr Week Two (4/8) 265 Call for around $13.75
  • Set initial debit limit at $0.90, but adjust as needed to roll today

New Cost Basis: $60.55

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